Fuller & Thaler Asset Management Inc. Makes New Investment in Delek US Holdings, Inc. $DK

Key Points

• Fuller & Thaler Asset Management Inc. has invested approximately $410,000 in a new position of 27,175 shares in Delek US Holdings, Inc..
• Delek US reported a quarterly earnings of ($0.56) per share, exceeding analysts' expectations and with a revenue of $2.76 billion, which is down 16.4% year-over-year.
• The company has declared a quarterly dividend of $0.255, yielding 4.5%, with a payout ratio currently at -8.30%.

Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,175 shares of the oil and gas company's stock, valued at approximately $410,000.

A number of other hedge funds have also recently bought and sold shares of DK. Sterling Capital Management LLC grew its stake in Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,311 shares in the last quarter. CWM LLC increased its position in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,164 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Delek US in the first quarter valued at $47,000. GAMMA Investing LLC grew its position in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 3,746 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Delek US by 77.4% during the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock worth $110,000 after purchasing an additional 3,105 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DK has been the topic of several analyst reports. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and increased their target price for the company from $22.00 to $23.00 in a research note on Tuesday, May 13th. Morgan Stanley raised their price target on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Citigroup reissued a "neutral" rating and set a $30.00 price target (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. The Goldman Sachs Group lifted their price objective on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Raymond James Financial lifted their price objective on Delek US from $23.00 to $28.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, Delek US has an average rating of "Reduce" and an average price target of $20.35.

Delek US Stock Up 2.7%

Shares of Delek US stock traded up $0.70 on Wednesday, hitting $26.39. The company had a trading volume of 442,568 shares, compared to its average volume of 1,686,247. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a 50 day moving average of $22.90 and a 200-day moving average of $18.49. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $27.07.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.36. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted ($0.92) earnings per share. Delek US's quarterly revenue was down 16.4% on a year-over-year basis. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $0.255 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.9%. Delek US's dividend payout ratio (DPR) is -8.30%.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.